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U.S. Tele-Intensive Care Unit (ICU) Market - Industry Outlook and Forecast 2022-2027

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    Report

  • 178 Pages
  • July 2022
  • Region: United States
  • Arizton
  • ID: 5639214
UP TO OFF until Nov 30th 2022
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The U.S. Tele-Intensive Care Unit (ICU) market is expected to grow at a CAGR of 20.13% during 2022-2027.

Tele- Intensive Care Unit (ICU) refers to electronic communications to transfer health information from one hospital critical care unit to another. Tele-Intensive Care Unit intensivists work with multiple care facilities in real-time, regardless of location.

In recent years, the number of patients requiring ICU care has increased without corresponding growth in the availability of intensivists. Critical care is in high demand due to the absence of intensivists and the expansion of the pandemic. Through real-time, remote consulting drastically lowers ICU mortality. Tele-Intensive Care Unit makes remote critical care and full-time bedside care accessible as the demand for critical care and full-time bedside care grows.

KEY HIGHLIGHTS

  • Intensive care units play an essential role in the treatment of critically ill patients. It occupies about 10% of the acute care bed of inpatients, 46 million patients are admitted to the ICU each year, and the mortality rate from all causes is about 10%.
  • Telemedicine was introduced in the ICU to address intensivist shortages, increasing demand for critical care services, and increasing complexity in modern ICUs. Telemedicine, used and developed in various disciplines, has improved patient outcomes through advanced monitoring, clinical decision support, and improved treatment protocols to bridge the supply-demand gap.
  • In 2020, Teladoc Health, a key leader in virtual care, announced a $13.9 billion merger with Livongo. The company is a leader in digital chronic condition management solutions for employers and insurers. Livongo brought facilities encouraging people with chronic conditions to live healthier lives, including diabetes prevention, hypertension, weight management, diabetes, and mental health.
  • In 2020, Teladoc Health also acquired InTouch, the leader in delivering scalable, incorporated virtual care solutions to health systems, hospitals, and other provider units, for a cumulative $1.1 billion.

THE ROLE/ CONTRIBUTION OF TELE-ICU DURING COVID-19 PANDEMIC

  • The COVID‐19 pandemic has exhausted some US health care systems, emphasizing ICU bed capacity burdens, specifically in outbreak hotspots. ICU beds are necessary to treat the sickest COVID‐19 patients and are always the subject of bed capacity concerns.
  • Amidst the COVID‐19 outbreak, intensive care unit telemedicine (Tele‐ICUs) is essential to facilitate high‐quality patient care, particularly in rural parts of the US.
  • In rural areas, Tele-ICU networks are often set up in a hub-and-spoke model, and central hub hospitals host many of the resources that are virtually deployed to multiple-spoke hospitals that require critical care services.
  • Due to various factors, rural Americans are at increased risk of not having access to ICU beds during high demand, such as the current COVID-19 pandemic. Rural Americans, on average, have more vulnerable demographics - they are older, poorer, and have more comorbidities.
  • Approximately 2,100 rural hospitals that provide rural Americans with access to community care can be challenging to provide critical care during a surge in events. Tele-ICU can be a mechanism by which local hospitals can provide critical care to local Americans.

TECHNOLOGY ADVANCEMENTS IN TELE-ICU

  • Technology provides an essential foundation for the success of Tele-ICU, as it enables remote clinician involvement through data access and communication tools. The most widely used Tele-ICU technology allows remote clinicians to see patient vital signs, access patient care plans, and remotely view test results and medications.
  • As ICUs are intelligent, virtual, silent, and have less visual equipment, the number of wires and cables will reduce drastically. Patient monitoring will be done using unique cameras and simple wireless biosensor systems.
  • With integrated video capabilities, remote clinicians can not only interact in real-time with patients, their families, and bedside staff but also observe the patient's physical characteristics and indoor environment. Familiar Tele-ICU service providers integrate other proprietary technologies to support collaborative care models and enable various hospital-specific process flows.
  • Leveraging video communications, predictive analytics, and data reporting, this comprehensive suite of Tele-ICU technologies gives onsite care teams access to critical care specialists and professional comparison data as needed.

LACK OF SKILLED INTENSIVISTS INCREASING DEMAND FOR TELE-ICUS

  • The shortage of critical care specialists is burdening hospitals across the country. Many small rural hospitals often struggle to hire and retain critical care centers due to a lack of coverage on holidays and weekends.
  • Emergency physicians need to be competent and a wide range of disorders common to critically ill patients, as they play a central role in coordinating patient care. These providers also require experience with the technical procedures and equipment used in the ICU.
  • According to a 2016 survey, nearly half of the 10,000 critical care specialists in the US and one-third (25% 33%) of the 500,000 essential care specialists far exceed severe burnout.
  • Tele-ICU clinical decision support tools and step-by-step staffing models help reduce this burnout by optimizing the working hours of highly skilled emergency physicians to guide and direct teams to shifts.

AN INCREASE IN ICU ADMISSION RATES & OVERCROWDING ENCOURAGE PROVIDERS TO USE TELE-ICU

  • Over 5 million patients are admitted to the US ICU annually for intensive care or invasive monitoring. Airway, respiratory or circulatory support; Stabilizing acute or life-threatening medical problems; Comprehensive management of injuries and illnesses; Maximum comfort for dying patients.
  • On March 11, 2020, WHO declared that the new coronavirus (COVID-19) would cause a pandemic. Almost all US states occupy at least 70% of hospitals and ICUs. With the current prevalence of delta and new omicrons, the ever-increasing number of coronavirus cases faces hospital limitations.
  • According to the Ministry of Health, as of December 2021, 611,917 (78.7%) hospital beds and 65,226 (79.3%) ICU beds were used in the US, and Covid 19 patients had 59,579 (7.75%) hospital beds and ICU beds accounts for 13,736 (17.53%).
  • Prior to COVID-19, the rate of admission to the US ICU was 7,112. Therefore, as the pandemic continues, US admission rates to the ICU are increasing further due to new cases of COVID-19. This will increase the rate of admission to the ICU.

US TELE-ICU MARKET SEGMENTATION


The US Tele-Intensive Care Unit market is segmented based on health Model, Components, Patient Group, and Hospital type.

Insights by Model

  • Centralized
  • Decentralized
  • Hybrid
The centralized Tele-Intensive Care Unit segment reported a significant share of around 54.18% in 2021. The segment is estimated to be higher due to the wider acceptance of this model across the US. There is a central remote physical structure where nurses, doctors, and managers are connected to one or more satellite ICUs. Centralized and collaborative Tele-ICU model. Centralized models such as the Philips e-ICU improve the decentralized temporary approach by making the care provided by the emergency physician accessible throughout the hospital system and promoting a higher level of care.

Insights by Component

  • Hardware
  • Service
  • Software
The tele-Intensive Care Unit hardware segment reported a significant share of around 70.41% in 2021. Due to the increasing ICU beds, the aging population, the number of surgical procedures, and the growing number of COVID-19 pandemics in the country have surged the demand for tele-ICUs. Thus, the demand for hardware systems in Tele-ICU is increasing.

Insights by Patient Group

  • Adult Patients
  • Neonatal & Pediatric Patients
The adult Patients segment reported a significant share of around 79.44% in 2021. The adult patient segment is the witness of high share because the CDC estimates that 6 out of 10 adults in the US currently have chronic illnesses such as cancer, heart disease, and diabetes. Chronic disease is one of the leading causes of death in the US, with heart disease and cancer alone accounting for about 38% of all causes of death. Thus, increasing chronic disease in the adult population has increased the share of adult ICU patients.

Insights by Hospital Type

  • System Affiliated Hospitals
  • Independent Hospitals
System Affiliated Hospitals segment reported a significant share of around 79.44% in 2021. The system Affiliated Hospital’s segment is a witness of high share due to the fact that hospitals in the network work together to provide different services to a single community or multiple communities. Participating in a hospital network is primarily economical as it helps improve efficiency, eliminate service redundancy, and ensure the quality of care for all patients, whether in local communities or large cities.

Market Segmentation by Model

  • Centralized Tele-ICU
  • Decentralized Tele-ICU
  • Hybrid Tele-ICU

Market Segmentation by Component

  • Tele-ICU Hardware
  • Tele-ICU software
  • Tele-ICU Service

Market Segmentation by Patient Group

  • Adult Patients
  • Neonatal & Pediatric Patients

Market Segmentation by Hospital Type

  • System Affiliated Hospitals
  • Independent Hospitals

Key Vendors

  • Eagle Telemedicine
  • GE Healthcare
  • Hicuity Health
  • Intercept Telemed
  • Koninklijke Philips
  • SOC Telemed
  • Teladoc Health, Inc.

Other Prominent Vendors

  • Avel eCare
  • Ceiba Health
  • CLEW
  • iMDsoft
  • RemoteICU
  • Sri Laxmi Kravia Techlabs
  • VeeOne Health

KEY QUESTIONS ANSWERED


1. WHAT IS THE MARKET SIZE OF THE U.S. TELE-ICU MARKET?
2. WHAT IS THE GROWTH RATE OF THE U.S. TELE-ICU MARKET?
3. WHO ARE THE KEY PLAYERS IN THE U.S. TELE-ICU MARKET?
4. WHAT ARE THE GROWTH ENABLERS IN THE US TELE-ICU MARKET?
5. WHAT ARE THE OPPORTUNITIES AND TRENDS IN THE US TELE-ICU MARKET?

Table of Contents


1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.4 Market Segmentation
4.4.1 Market Segmentation by Operating Model
4.4.2 Market Segmentation by Patient Group
4.4.3 Market Segmentation by Component
4.4.4 Market Segmentation by Hospital
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.1.1 From ICUs to Tele-ICU: Redefining Critical Care
7.2 Market Synopsis
7.2.1 US Tele-ICU Market Scenario
7.2.2 US Tele-ICU Market Segmentations

8 Telehealth: An Overview
8.1 Overview
8.1.1 Benefits and Convenience of Telehealth Appointments
8.1.2 US Government Regulatory Initiatives in the Field of Telehealth
8.1.3 Reimbursement Scenario in Telehealth

9 Role/ Contribution of Tele-ICUs During Covid-19 Pandemic
9.1 Overview

10 Tele-ICU Adoption in US
10.1 Background
10.1.1 Supply
10.1.2 Solution

11 Market Opportunities & Trends
11.1 Favorable Healthcare Reforms for Virtual Care & Telehealth
11.2 Technology Advances in Tele-ICU
11.3 Strategic Acquisitions & Collaborations

12 Market Growth Enablers
12.1 Lack of Skilled Intensivists Increasing Demand for Tele-ICUs
12.2 Increased ICU Admission & Overcrowding Encouraging Tele-ICU Use
12.3 Growing Target Patient Pool Requiring Tele-ICU Services
12.4 Tele-ICU is Cost-Efficient

13 Market Restraints
13.1 Limitations, Complex Identity & Access Management Challenges of Tele Icus
13.2 Data Security, Physical Security, and Privacy Risks Associated With Tele-ICUs
13.3 High Investments in Establishing Tele-ICU Infrastructure & High Annual Operating Expenditure

14 Market Landscape
14.1 Market Overview
14.1.1 Insights by Model
14.1.2 Insights by Component
14.1.3 Insights by Patient Group
14.1.4 Insights by Hospital Type
14.2 Market Size & Forecast
14.3 Five Forces Analysis
14.3.1 Threat of New Entrants
14.3.2 Bargaining Power of Suppliers
14.3.3 Bargaining Power of Buyers
14.3.4 Threat of Substitutes
14.3.5 Competitive Rivalry

15 Model
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Centralized Tele-ICU
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.4 Decentralized Tele-ICU
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.5 Hybrid Tele-ICU
15.5.1 Market Overview
15.5.2 Market Size & Forecast

16 Components
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Tele-ICU Hardware
16.3.1 Market Overview
16.3.2 Market Size & Forecast
16.4 Tele-ICU Service
16.4.1 Market Overview
16.4.2 Market Size & Forecast
16.5 Tele-ICU Software
16.5.1 Market Overview
16.5.2 Market Size & Forecast

17 Patient Group
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Adult Patients
17.3.1 Market Overview
17.3.2 Market Size & Forecast
17.4 Neonatal & Pediatric Patients
17.4.1 Market Overview
17.4.2 Market Size & Forecast

18 Hospital Type
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
18.3 System Affiliated Hospitals
18.3.1 Market Overview
18.3.2 Market Size & Forecast
18.4 Independent Hospitals
18.4.1 Market Overview
18.4.2 Market Size & Forecast

19 Competitive Landscape
19.1 Competition Overview
19.2 Market Share Analysis

20 Key Company Profiles
20.1 Eagle Telemedicine
20.1.1 Business Overview
20.1.2 Eagle Telemedicine in Tele-ICU Market
20.1.3 Product Offerings
20.1.4 Key Strategies
20.1.5 Key Strengths
20.1.6 Key Opportunities
20.2 GE Healthcare
20.2.1 Business Overview
20.2.2 GE Healthcare in Tele-ICU Market
20.2.3 Product Offerings
20.2.4 Key Strategies
20.2.5 Key Strengths
20.2.6 Key Opportunities
20.3 Hicuity Health
20.3.1 Business Overview
20.3.2 Hicuity Health in Tele-ICU Market
20.3.3 Product Offerings
20.3.4 Key Strategies
20.3.5 Key Strengths
20.3.6 Key Opportunities
20.4 Intercept Telemed
20.4.1 Business Overview
20.4.2 Intercept Telemed in Tele-ICU Market
20.4.3 Product Offerings
20.4.4 Key Strategies
20.4.5 Key Strengths
20.4.6 Key Opportunities
20.5 Koninklijke Philips
20.5.1 Business Overview
20.5.2 Koninklijke Philips in Tele-ICU Market
20.5.3 Product Offerings
20.5.4 Key Strategies
20.5.5 Key Strengths
20.5.6 Key Opportunities
20.6 Soc Telemed
20.6.1 Business Overview
20.6.2 Soc Telemed in Tele-ICU Market
20.6.3 Product Offerings
20.6.4 Key Strategies
20.6.5 Key Strengths
20.6.6 Key Opportunities
20.7 Teladoc Health
20.7.1 Business Overview
20.7.2 Teladoc Health in Tele-ICU Market7
20.7.3 Product Offerings
20.7.4 Key Strategies
20.7.5 Key Strengths
20.7.6 Key Opportunities


21 Other Prominent Vendors
21.1 Avel Ecare
21.1.1 Business Overview
21.1.2 Service Offerings
21.1.3 Key Strength
21.1.4 Key Opportunity
21.2 Ceiba Health
21.2.1 Business Overview
21.2.2 Service Offerings
21.2.3 Key Strength
21.2.4 Key Opportunities
21.3 Clew
21.3.1 Business Overview
21.3.2 Service Offerings
21.3.3 Key Strength
21.3.4 Key Opportunities
21.4 Imdsoft
21.4.1 Business Overview
21.4.2 Service Offerings
21.4.3 Key Strength
21.4.4 Key Opportunities
21.5 RemoteICU
21.5.1 Business Overview
21.5.2 Service Offerings
21.5.3 Key Strength
21.5.4 Key Opportunities
21.6 Sri Laxmi Kravia Techlabs
21.6.1 Business Overview
21.6.2 Service Offerings
21.6.3 Key Strength
21.6.4 Key Opportunities
21.7 Veeone Health
21.7.1 Business Overview
21.7.2 Service Offerings
21.7.3 Key Strength
21.7.4 Key Opportunity
22 Report Summary
22.1 Key Takeaways
22.2 Strategic Recommendations
23 Quantitative Summary
23.1 Model
23.2 Component
23.3 Patient Group
23.4 Hospital Type
24 Appendix
24.1 Abbreviations

Companies Mentioned

  • Eagle Telemedicine
  • GE Healthcare
  • Hicuity Health
  • Intercept Telemed
  • Koninklijke Philips
  • SOC Telemed
  • Teladoc Health, Inc.
  • Avel eCare
  • Ceiba Health
  • CLEW
  • iMDsoft
  • RemoteICU
  • Sri Laxmi Kravia Techlabs
  • VeeOne Health

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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